Plugs and sockets market in Finland

Earlier Report Observations

After reaching 75.5 million USD in 2018, the Finnish plugs and sockets market contracted over the next two years, falling to 64.5 million USD by 2020. During this period, key industry players like Q-Flex expanded their partnerships with international specialists such as CONEC GmbH and introduced innovative products like the Push-Pull M12 connector, indicating a shift towards more advanced technical solutions. The market then rebounded sharply in 2021, with the market size jumping to 87.4 million USD.

Market volume continued to grow slightly in 2022, reaching 88.9 million USD, a period marked by increased industry visibility through major events like the Teknologia 22 expo and the formation of new distribution agreements. However, the market softened thereafter, declining to 85.6 million USD in 2023 and 77.9 million USD in 2024. In these later years, significant regulatory developments emerged, including proposed amendments to Finnish electricity market legislation and the EU's mandate for USB Type-C charging ports on electronic devices, which began to shape new product standards and consumer expectations.

Production plugs and sockets in Finland

In value, 2017-2020, K $ US

In 2018, Finland's output of plugs and sockets reached its peak at 24 175 K $ US. The following year, in 2019, production declined by 11.8% to a minimum of 21 325 K $ US. By 2020, output had recovered to 22 916 K $ US, marking a 7.5% increase compared to 2019.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

Exports plugs and sockets from Finland

Exports in kind, t

Export volumes of plugs and sockets from Finland showed significant volatility. In 2017, volumes peaked, but by 2019 they had dropped to a minimum of 35 t, representing an 89.4% decline. In 2020, exports surged to 310 t, which is 789.6% higher than the previous year, reflecting a 10.4-fold increase from the 2019 low.

Annual dynamics of product's exports from Finland in kind, 2017-2020, t

From 2017 to 2020, Sweden, Estonia, and Norway were the key partners for Finland's exports of plugs and sockets in kind. Sweden accounted for 26.6% of exports, while Estonia and Norway each contributed 17.4%. Together, these three countries represented 61.4% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, K $ US

Finland's exports of plugs and sockets in value terms experienced a two-year contraction before rebounding in 2020. In 2019, exports hit a low of 18 291 K $ US, declining by 13.6%. By 2020, exports had increased by 2.6% year-over-year to 18 759 K $ US. Overall, from 2017 to 2020, exports decreased by 20.7%, equivalent to an annualized rate of 7.4%.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

Between 2017 and 2020, Estonia, Sweden, and India were the principal buyers of plugs and sockets from Finland in value terms. Estonia led with 22.4% of exports, followed by Sweden at 15.6% and India at 13.9%. Collectively, these markets accounted for 51.9% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports plugs and sockets to Finland

Imports in kind, t

Import volumes of plugs and sockets into Finland displayed an unstable trend. In 2018, imports peaked at 1 326 t, but in 2019 they plummeted to a minimum of 109 t, a sharp decline of 91.8%. By 2020, imports had rebounded to 1 107 t, representing a 916.9% increase from 2019, which translates to a 12.2-fold shift from the trough.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

From 2017 to 2020, China, Germany, and Sweden formed the core group of markets for Finland's imports of plugs and sockets in kind. China accounted for 30.3% of imports, Germany for 20.0%, and Sweden for 6.6%. Together, these three countries represented 56.9% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, K $ US

Finland's imports of plugs and sockets in value terms declined for the second consecutive year in 2020. In 2018, imports reached a maximum of 72 490 K $ US, with a 4.8% increase. By 2020, imports had fallen to 60 356 K $ US, reflecting an 11.7% contraction from the previous year. Over the period from 2017 to 2020, imports decreased by 12.7%, with a compound annual growth rate of -4.4%.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

Throughout 2017 to 2020, China, Germany, and the United States remained the largest markets for Finland's imports of plugs and sockets in value terms. Together, these three countries accounted for 58.2% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020